An agreement between the taxpayer and the government for purposes of tax exemption bind the TRA. Employees of Organizations covered by the bilateral treaty between the United States of America and the United Republic of Tanzania on Economic and Technical Cooperation are exempted from PAYE. Employers who are Non Profitable Organizations are exempted from Skills […]
TAX LAW UPDATE: THE TANZANIA REVENUE AUTHORITY DIRECTS THAT TAX IDENTIFICATION NUMBER IS MANDATORY TO ALL EMPLOYEES
All employers are directed to include employee’s Tax Identification Number (TIN) upon filing returns for Pay as You Earn (PAYE) Employers are required to put TIN numbers for all employees who had already been registered for TIN and show the amount remitted to TRA Employees who do not have TIN are required to apply for […]
TAX AND CORPORATE LAW UPDATE: INTRODUCTION OF ELECTRONIC FILING (e-Filing) OF TAX RETURNS IN TANZANIA BY THE TANZANIA REVENUE AUTHORITY (TRA)
The Tax Revenue Authority (TRA) has transitioned its tax returns filing system from the manual filing system to the new electronic filing system The process of filing tax returns electronically. Consequences of failure to electronically file the returns on time. 1.0 Introduction The Tax Revenue Authority (TRA) in Tanzania has issued directives regarding its newly […]
FINANCE LAW UPDATE: COMMENTARY ON THE BANK OF TANZANIA’S POLICY MEASURES TO REMEDY AND CUSHION THE ECONOMIC IMPACTS OF COVID-19 IN TANZANIA
Reduction of the Statutory Minimum Reserves (SMR) requirement to 6 percent Reduction of the discount rate to 5 percent Reduced haircuts on Government securities Regulatory flexibility ensured to Lenders who opt for loan payment rescheduling Increase of daily transaction and wallet size limits for mobile money limits Encouragement of Digital payment to curb the use […]
- « Previous Page
- 1
- …
- 4
- 5
- 6
- 7
- 8
- …
- 12
- Next Page »